Market news

Show news:


18.01.2022 16:00

USD/JPY to edge higher towards 116.00 as BoJ stands pat – ING

The yen came under pressure, with USD/JPY extending yesterday’s gains to push the 115.00 level as the Bank of Japan meeting was largely disappointed. No change in policy is on the horizon, and this is set to add pressure on the yen, according to economists at ING.

BoJ disappoints hawkish expectations

“The Bank’s inflation estimates are now 1.1% for both FY2022 and FY2023, compared to the previous 0.9% and 1.0%, respectively, figures that hardly suggest an imminent change in the BoJ’s ultra-dovish stance. Incidentally, Governor Haruiko Kuroda poured cold water on any speculation that a potential rate hike in 2024 was being discussed.”

“We think there is further room for the pair to rise on the back of rising US treasury yields in the near-term, and we expect a convergence to the early-January 116 levels.”

“For today, new signs of fragility in the equities as US markets re-open after a long weekend may help the yen find some stabilisation.”

 


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

June 2022
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00